Ukraine War Archives — City Business News

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...

April 19, 2022 No Responses

World Bank: War In Ukraine Pushing Poverty Higher

World Bank Group President, David Malpass has expressed concern over higher poverty rates in developing countries due to war in Ukraine and COVID-19 related shutdown. A statement issued on Monday by the Bank quoted Malpass as making this known in hi...

March 26, 2022 No Responses

EU, US Seal Gas Deal

The United States (US) and the European Union (EU) have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy. BBC reports that the agreement will see the US provide the EU with...

March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said Ola Kaellenius,...

March 7, 2022 No Responses

Oil Price Soars To Highest Level In 14 Years

Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies. Brent crude – the global oil benchmark – spiked to above $139 a barrel,...

March 5, 2022 No Responses

Why So Many African Students Were In Ukraine

(BBC)The Russian invasion of Ukraine has caused a mass exodus of civilians, including thousands of international students from Africa, Asia and the Middle East. Ukraine was home to over 76,000 foreign students, according to government data from 2020.&nbs...

March 4, 2022 No Responses

Oil Surge Rattles Markets As Ukraine Conflict Intensifies

Oil prices soared again on Thursday as the Ukraine war triggered a dash for commodities that could be in short supply, while stock markets slipped as investors worried about higher inflation and slowing economic growth. Brent crude oil rose more...